• Lukman Ayinde Olorogun Department of Business, Abu Dhabi Men’s College, Higher Colleges of Technology, United Arab Emirates
Keywords: Education, JIBWIS, Financial Inclusion, Organisations, Islamic Finance


This study focuses on efforts to enhance financial inclusion program through the educational orientation development in the Nigerian Islamic finance industry. A Closed User Group (CUG) consisting of Muslims across Nigeria financial educational induction program formed the study sample. The formation of the CUG sought to establish an Islamic compliant financing model that would be effective at the grassroots level in the wake of the failure of microfinance programs to deliver the much needed poverty eradication. To this end, we developed a questionnaire and conducted a financial management induction and education workshop over a period of three days. On the third day, participants were given a questionnaire, from which the results showed that proper education and adjustment to the current available model of microfinance would bring about poverty eradication and that in terms of educational traits building of staff within a typical Islamic financial institution. Future research should look into transformation of personality vices affecting financial institutions as a whole. 

Author Biography

Lukman Ayinde Olorogun, Department of Business, Abu Dhabi Men’s College, Higher Colleges of Technology, United Arab Emirates

Department of Business, Abu Dhabi Men’s College,

Higher Colleges of Technology, Abu Dhabi, United Arab Emirates

Author ID: 57009048700


Aghalino, S. O. (2002). Trade Currencies in Pre-Colonial Nigeria. In O. N. Njoku (Eds.), Pre-Colonial Economic History of Nigeria. Retrieved August 16, 2013.

Allport, G. W. (1943). The Psychology of Participation, Psychological Review, 52(1).

Alkahtani, A. H., Abu-Jarad, I., Sulaiman, M., Nikbin, D. (2011). The Impact of Personality and Leadership Styles on Leading Change Capability of Malaysian Managers. Australian Journal of Business and Management Research, 1(2), 70-99.

Al-Raisi, A., Amin, S. & Tahir, S. (2011). Evaluation of e-performance Analysis and Assessment in the United Arab Emirates (UAE) Organisations. Journal of Internet and Information System, 2(2), 20 -27.

Annuar, N. (2015). Human Capital: What does the Industry really need? Islamic Finance News, 1(1), 1-3.

Ashtiani, P. G. & Iranmanesh, A. (2012). New approach to study of factors affecting adoption of electronic banking services with emphasis on the role of positive word of mouth. African Journal of Business Management, 6(11), 4328-4335.

Awadh, A. M. & Wan Ismail, W. (2012). The Impact of Personality Traits and Employee Work-Related Attitudes on Employee Performance with the Moderating Effect of Organisational Culture: The Case of Saudi Arabia. Asian Journal of Business and Management Sciences, 1(10), 108-127

Barrick, M. R. & Mount, M. K. (1993). Autonomy as a moderator of the relationships between the Big Five personality dimensions and job performance. Journal of Applied Psychology, 78, 111-118.

Balay, R. (2000). Administrators' and Teachers' Organisational Commitment. Turkey, Ankara: Nobel Publishing.

Berisha, E. (2017). Human resources must transform to meet future industry needs. IFN Education, 3(2), 3-4. Retrieved 2nd April, 2017, .

Blackburn D. (2006). The Role, Impact and Future of Labour Law. In Labour Law: Its role, trends and potential. Labour Education 2-3, 143-144.

Bramley, P. (1996). Evaluating training effectiveness. Maidenhead: McGraw -Hill.

Buckley, R. & Capel, J. (2009). The Theory and Practice of Training, (6th Eds.). U.S.A, Philadelphia: Kogan Page.

Bushnell, D. S. (March, 1990). Input, process, output: A Model for Evaluating Training. Training and Development Journal, 44(3), 41-43.

Carnevale, A. P., & Schulz, E.R. (July, 1990). Return on investment: Accounting for training. Training and Development Journal, 44(7), 1-32.

Cattell, R. B. (1966a). The Scientific Analysis of Personality. Chicago: Aldine.

Cattell, R. B. (1966b). The Scree Test for the Number of Factors. Multivariate Behavioral Research, 1, 245–276.

Chen, P.-Y., & Hitt, L.M. (2002). Measuring Switching Costs and the Determinants of Customer Retention in Internet-Enabled Businesses: A Study of the Online Brokerage Industry, Information Systems Research, 13(3), 255-274.

Chen, Mei-Liang, Tsai, Juin-Ming, & Chen, Kuang-Jung (2009) .The Effects of Personality Traits and Conflict Management on Organisational Commitment - A Case Study of Taiwan Financial Services Personnel. The Journal of International Management Studies, 4(1), 20-29.

Christopher, M., Payne, A., & Ballantyne, D. (2004). Relationship Marketing - Creating Stakeholder Value. Oxford: Elsevier Butterworth-Heinemann.

Costa, P. T., & McCrae, R. R. (1989). Reinterpreting the Myers-Briggs Type Indicator from the Perspective of the Five-Factor Model of Personality. Journal of Personality, 57, pp.17-40.

Deji, S. M. (2013). Feasibility of Introducing Islamic Banking in Nigeria. In K.I. Dandago, A.D. Muhammad, U.A. Oseni (Eds.) Essentials of Islamic Banking and Finance in Nigeria. Nigeria, Kano: Benchmark Publishers Limited.
Digman, J. M. (1990). Personality structure: Emergence of the Five-Factor Model, Annual Review of Psychology, 41(1), 417-440.

Dorfleitner, G., Leidl, M. & Priberny, C. (2014). Explaining Failures of Microfinance Institutions. Working paper, Social Science Research Network: SSRN. Retrieved 22nd August 22, 2014.

Duckworth, A. L., Peterson, C., Matthews, M. D. & Kelly, D. R. (2007). Personality Processes and Individual Differences Grit: Perseverance and Passion for Long-Term Goals. Journal of Personality and Social Psychology, 92(6), 1087–1101.

Erdheim, J., Wang, M., & Zickar, M. J. (2006). Linking the Big Five Personality Constructs to Organisational Commitment. Personality and Individual Differences, 41(5), 959-70.

Eseryel, D. (2002). Approaches to Evaluation of Training: Theory & Practice. Educational Technology & Society 5(2), 93-98.

Field, A. (2009). Discovering Statistics Using SPSS (and sex and drugs and rock ‘n’ roll). In Andy Field (Third edition) “Discovering Statistics Using SPSS”. U.S, Washington DC: Sage.

Fitz-Enz, J. (July, 1994). Yes…you can weigh training’s value. Training, 31(7), 54-58.

Floh, A. & Treiblmaier, H. (2006). What Keeps the E-Banking Customer Loyal? A Multigroup Analysis of the Moderating role of Consumer Characteristics on E-Loyalty in the Financial Service Industry. Journal of Electronic Commerce Research, 7(2), 97-110.

Gagné, R., & Briggs, L. J. (1974). Principles of instructional design. New York: Holton, Rinehart & Winston.

Gamberoni, E., von Uexkull, E. & Weber, S. (2010). The Role of Openness and Labour Market Institutions for Employment Dynamics during Economic Crises. ILO: Employment Sector Employment Working Paper No. 68.

Gilly, M. C. & Zeithaml, V.A. (1985). The Elderly Consumer and Adoption of Technologies. Journal of Consumer Research, 12(3), 353-357.

Goldberg, L. R. (1990). An alternative Description of personality: The Big-Five factor structure. Journal of Personality and Social Psychology, 59, 1216-1229.

Goldstein, I. (1993). Training in Organizations: Needs Assessment, Development, & Evaluation. Monterey, CA: Brooks-Cole.

Guilford, J. P. (1959). Personality. New York: McGraw Hill.

Gustafson, K. L, & Branch, R. B. (1997). Survey of instructional development models (3rd Eds.). Syracuse, NY: ERIC Clearinghouse on Information and Technology.

Hisham, A. (2015). Human capital: A Mounting Demand in the Industry. Islamic Finance News, 1(3) 1-3.

Hofstede, G. (1980). Culture’s Consequences: International differences in Work-Related Values. CA: Sage.
Holcomb, J. (1993). Make Training Worth Every Penny. Del Mar, CA: Wharton.

Judge, T.A., Heller., D & Mount., M.K. (2002). Five Factor Model of Personality and Job Satisfaction: A Meta-Analysis. Journal of Applied Psychology, 87, 530-541.

Kaiser, H. F. (1970). A Second Generation Little Jiffy. Psychometrika, 35, 401–415.

Kaiser, H. F. (1974). An Index of Factorial Simplicity. Psychometrika, 39, 31–36.

Khan, A. (2008). Tackling the failure of microfinance efforts through amalgamating microfinance with charity: two viable alternatives in the context of Pakistan, Ustralasian Accounting, Business and Finance Journal, 2(2). Retrieved from

Kirkpatrick, D. L. (1959). Techniques for evaluating training programs. Journal of the American Society of Training Directors, 13, 3-26.

Kierzkowski, A., McQuade S. Waitman, R. & Zeisser, M. Marketing to the Digital Consumer. The McKinsey Quarterly, 33(3), 4-21.

Lussier, R.N. (2000). Leadership. USA: South-Western College.

Mager, R. F. (1962). Preparing objectives for programmed instruction. San Francisco, CA: Fearon Publishers.

McEvoy, G. M., & Buller, P. F. (August, 1990). Five uneasy pieces in the training evaluation puzzle. Training and Development Journal, 44(8), 39-42.

McMahon, F. A., & Carter, E. M. A. (1990). The great training robbery. New York: The Falmer Press.

Mahdi, T. M. & Barrientos, A. (2003). Saudisation and Employment in Saudi Arabia. Career Development International, 8(2), 70-77.

Mustafa, D. & Ibrahim, M. Y. (2013). The Emergence and Challenges of Islamic Banking and Finance in Nigeria: A Stakeholder Perception. In K.I. Dandago, A.D. Muhammad, U.A. Oseni (Eds.) Essentials of Islamic Banking and Finance in Nigeria. Nigeria, Kano: Benchmark Publishers Limited.

Nor, K. M., Sutanonpaiboon, J., & Mastor, N. H. (2010). Malay, Chinese, and Internet Banking. Chin. Manage. Stud., 4 (2): 141-153.

Olorogun, L. A. (2013). Adopting Best Practices in the Islamic Banking Industry in Nigeria: Some case Studies. In K.I. Dandago, A.D. Muhammad, U.A. Oseni (Eds.) Essentials of Islamic Banking and Finance in Nigeria. Nigeria, Kano: Benchmark Publishers Limited.

Pierce, J. L. & Gardner, D. G. (2002). Management and Organisational Behavior. OH: South-western/Thomson Learning.

Phillips, J. J. (1991). Handbook of training evaluation and measurement methods. (2nd Eds.). Houston, TX: Gulf.

Raja, U., Johns, G., & Ntalianis, F., (2004). The impact of personality on psychological contracts. Academy of Management Journal 47, 350-367.

Rao, D. S. (2012). Credit Market Failures and Microfinance. International Journal of Research in Management & Technology, 2(3), 294-297.

Robbins, S. P. (2003). Organisational Behavior (11th Eds.), New Jersey: Prentice-Hall.

Schaupp, C.L. & Bélanger, F. (2005). A Conjoint Analysis of Online Consumer Satisfaction. International Journal of Electronic Commerce Research, 6(2), 95-111.

Sheth, J. N. & Parvatiyar, A. (2002). Evolving Relationship Marketing into a Discipline. Journal of Relationship Marketing, 1(1), 3-16.

Slama, M. E. & Tashlian, A. (1985). Selected Socioeconomic and Demographic Characteristics Associated with Purchasing Involvement. Journal of Marketing, 49(1), 72-82.

Salzman, J. (2000). Labour Rights, Globalization and Institutions: The Role of Organisation for Economic Cooperation and Development. Michigan Journal of International Law, 21, p. 769.

Sadi M. A., & Al-Buraey, M. A. (2009). A framework of the implementing process: The case of Saudization. International Management Review, 5(1), 70 -106.

Senge, P. M. (1990). The Fifth Discipline: The Art and Practice of the Learning Organization. New York: Currency Doubleday.

Stevens, J. P. (2002). Applied multivariate statistics for the social sciences (4th Eds.). Hillsdale, New Jessy: Erlbaum.

Taap, A. & Al-Awar, A. M. (July 2015). Measuring the Quality of Academic Training. Islamic Finance News, 1(2), 1-3.

Tan, V. (2017). UAE 2017 job market: Tough going. IFN Education, Vol. 3, Issue 2, 1-2, March. Retrieved 2nd April, 2017,

Terberger, E. (December 2003). Microfinance institutions in the development of financial markets. CEPAL REVIEW 81, 187-202.

Watson, D., & Clark, E. A. 1997. Extraversion and its positive emotional core. In R. Hogan, J. A. Johnson, & S. R. Briggs (Eds.), Handbook of personality psychology (pp. 767-793). San Diego: Academic Press.

Worthington, A. & Higgs, H. (2003) Factors explaining the choice of a Finance major: the role of student characteristics, personality and perceptions of the profession, Accounting Education, 12(3), 261-281.

Worthen, B. R., & Sanders, J. R. (1987). Educational evaluation. New York: Longman.

Zeithaml, V.A. (1985). The New Demographics and Market Fragmentation. Journal of Marketing, 49(3), 64-75.

Zeithaml, V.A., Berry L.L., & Parasuraman, A. (1996). The Behavioral Consequences of Service Quality. Journal of Marketing, 60(2), 31-46.
How to Cite